DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Acquires $93,865.20 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 17,160 shares of the stock in a transaction on Friday, June 6th. The shares were acquired at an average price of $5.47 per share, with a total value of $93,865.20. Following the transaction, the insider now directly owns 1,494,902 shares of the company’s stock, valued at $8,177,113.94. The trade was a 1.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Mink Brook Asset Management Ll also recently made the following trade(s):

• On Monday, June 9th, Mink Brook Asset Management Ll acquired 4,786 shares of DLH stock. The shares were acquired at an average price of $5.48 per share, with a total value of $26,227.28.
• On Thursday, June 5th, Mink Brook Asset Management Ll acquired 357 shares of DLH stock. The shares were acquired at an average price of $5.13 per share, with a total value of $1,831.41.
• On Thursday, May 29th, Mink Brook Asset Management Ll bought 964 shares of DLH stock. The stock was purchased at an average price of $4.97 per share, with a total value of $4,791.08.
• On Wednesday, May 28th, Mink Brook Asset Management Ll bought 416 shares of DLH stock. The stock was purchased at an average price of $5.00 per share, with a total value of $2,080.00.
• On Tuesday, May 27th, Mink Brook Asset Management Ll bought 90 shares of DLH stock. The stock was purchased at an average price of $5.00 per share, with a total value of $450.00.
• On Friday, May 23rd, Mink Brook Asset Management Ll bought 2,561 shares of DLH stock. The stock was purchased at an average price of $4.98 per share, with a total value of $12,753.78.
• On Thursday, May 22nd, Mink Brook Asset Management Ll bought 1,230 shares of DLH stock. The stock was purchased at an average price of $5.00 per share, with a total value of $6,150.00.
• On Wednesday, May 21st, Mink Brook Asset Management Ll bought 10,580 shares of DLH stock. The stock was purchased at an average price of $4.96 per share, with a total value of $52,476.80.
• On Tuesday, May 20th, Mink Brook Asset Management Ll bought 5,111 shares of DLH stock. The stock was purchased at an average price of $4.97 per share, with a total value of $25,401.67.
• On Monday, May 19th, Mink Brook Asset Management Ll bought 31,872 shares of DLH stock. The stock was purchased at an average price of $4.93 per share, with a total value of $157,128.96.

DLH Trading Down 2.3%

DLHC stock opened at $5.46 on Thursday. The company has a market capitalization of $78.55 million, a PE ratio of 12.41 and a beta of 1.33. DLH Holdings Corp. has a 12 month low of $2.72 and a 12 month high of $11.99. The firm’s 50-day moving average is $4.27 and its 200 day moving average is $5.81. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.04 and a quick ratio of 1.04.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $89.21 million during the quarter, compared to analysts’ expectations of $90.00 million. DLH had a return on equity of 5.82% and a net margin of 1.64%. On average, research analysts anticipate that DLH Holdings Corp. will post -0.13 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of DLH from a “buy” rating to a “hold” rating in a report on Saturday, May 17th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in DLH by 643.6% in the 4th quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider’s stock worth $220,000 after buying an additional 23,703 shares during the period. Minerva Advisors LLC increased its position in DLH by 33.2% during the 4th quarter. Minerva Advisors LLC now owns 847,592 shares of the business services provider’s stock valued at $6,806,000 after purchasing an additional 211,215 shares during the period. Bank of New York Mellon Corp increased its position in DLH by 27.6% during the 4th quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider’s stock valued at $315,000 after purchasing an additional 8,481 shares during the period. Millennium Management LLC increased its position in DLH by 313.4% during the 4th quarter. Millennium Management LLC now owns 69,733 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 52,864 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in DLH by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider’s stock valued at $2,159,000 after purchasing an additional 10,921 shares during the period. Hedge funds and other institutional investors own 67.25% of the company’s stock.

About DLH

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).